Interview With Simon Isgar

Following his latest appointment at BSA Ahmad Bin Hezeem & Associates LLP, one of the region’s leading law firms, Al Morkeb Magazine had the chance to interview Simon Isgar, the new Head of Insurance & Insurance Pactice, about his plans for his new position and the challenges that are facing the sector and the actions taken…

Simon Isgar

Simon is a Partner and Head of Insurance at our Dubai office. Previously Head of Kennedys’ Corporate and Regulatory Insurance MENA practice, he is a qualified barrister who was called to the Bar in 1998, practising commercial and company law matters in the English courts. A specialist in international health regulation and health insurance law…

Health Insurance in the UAE – Capitation Schemes Confirmed Unlawful by the Insurance Authority

The United Arab Emirates (UAE) Insurance Authority (IA) has confirmed that capitation schemes related to the health insurance business in the UAE are unlawful and all IA, authorized and licensed entities must immediately cease the operation of such schemes. Circular No (17) of 2020 for the Cessation of Violating Practices dated 2 June 2020 (the…

Insurance Claims Management: Using the Most Appropriate Governing Law & Jurisdiction Clause in Reinsurance Contracts

Regulatory Changes for Insurance Disputes in the United Arab Emirates and the existing Insurance Dispute Committee in the Kingdom of Saudi Arabia BSA are often instructed by the London market for coverage advice pending disputes between cedant and reinsurers. Many of those treaty terms will be governed by the laws of various Middle East jurisdictions…

Cyber Insurance: Risks and Trends 2020

Risks and Trends for 2020 – Authored by Martin Kreuzer, Risk Manager Cyber Risks, Munich Re A Legal & Regulatory Perspective from the Middle East – Authored by Simon Isgar, Partner and Head of Insurance/Reinsurance, BSA As global insurer and reinsurer of cyber risks, Munich Re is closely watching developments of cyberattacks to provide suitable insurance…

COVID-19 Boosts the Uptake of Tele Health/Medicine in UAE – What are the Legal Implications?

The COVID-19 pandemic presents opportunities for the tele health/medicine sector to expand the concept of remote healthcare services through technology platforms in the Middle East and beyond. Recently, the United States Federal Government is to push for telemedicine as a care option during the COVID-19 pandemic. BSA’s healthcare legal/regulatory practice often engages with numerous clients…

Coronavirus Outbreak – Impact on Regional (Re)insurance & Coverage Issues

World Health Organisation (WHO) have officially declared COVID-19 as a pandemic. BSA have already received several instructions regarding coverage advice related to matters arising from the coronavirus. While all efforts are being made by the WHO and Governments around the world to contain the coronavirus and look to develop a vaccine, world business and trade…

UAE Insurance Authority Issues Circular on Coronavirus (COVID-19)

Circular No. (3) of 2020 on Precautionary and Preventive Measures to Maintain Public Safety, Health and Prevent Spread of Coronavirus (COVID-19) (“COVID-19 Circular”), addressed to all insurance companies and insurance-related professions operating in the UAE, provides guidance from the Insurance Authority on precautionary and preventive measures to maintain public health in the workplace and ensure…

New Mandated Health Insurance Law in Oman

The Capital Markets Authority (CMA) in Oman, the financial regulator, has released the new mandated medical insurance Law, Unified Health Insurance Policy and the Health Insurance Rules under Decision No.78/2019 through Resolution No 34/2019 – For the Issue of Unified Healthcare Insurance Policy Form. The Health insurance market embraces itself for another mandated health insurance…

Radical Change for the Life Insurance Market

  The United Arab Emirates’ life insurance market is set for radical change in 2020 with the implementation of the “New Life Insurance and Family Takaful Regulations” [1]. The United Arab Emirates Insurance Authority (“IA”) promulgated Decision No. (49) of 2019 Concerning Instructions for Life Insurance and Family Takaful Insurance (the “Regulations”), which has wide…